Too Long; Didn't Read
Initial Coin Offerings (ICO) had a breakout year in 2017, raising over $3 billion. With the Telegram ICO promising to raise well over $1 billion, 2018 will continue and accelerate this trend. But while the money is flowing in, controversy and uncertainty surround ICOs. Critics say that ICOs are scams at worst, or a tulip bubble at best. Even investors who see the value of ICOs are unsure how to value token sales, and how to distinguish promising projects from wannabes.